Euler Motors, an Indian startup that designs and builds commercial electric vehicles, has raised $60 million in a new funding round as it works to ramp up its production capacity and broaden its offerings. Singapore’s sovereign fund GIC led the New Delhi-headquartered startup’s Series C funding. Blume Ventures, Athera Venture Partners, QRG, ADB Ventures and… Continue reading GIC backs Indian EV startup Euler Motors in $60 million funding
Author: Tech Crunch Online News
Rivian made 7,363 of its EV pickups and SUVs in Q3
Electric vehicle maker Rivian announced its Q3 production and delivery numbers on Monday, revealing it made 7,363 of its R1T pickup truck and R1S SUV during the three-month period that ended on September 30. Rivian also said it delivered 6,584 vehicles during the same span. The automaker is still backing its target of delivering 25,000… Continue reading Rivian made 7,363 of its EV pickups and SUVs in Q3
Tier Mobility-owned Spin lays off about 10% of workforce, exits two markets
Spin, which was acquired by Tier Mobility earlier this year, has laid off about 10% of its staff — including a number of executives — and is exiting Canada and Seattle, TechCrunch has learned. The micromobility company informed its workforce of more than 700 during a Friday all-hands meeting that lower-than-expected demand in the U.S.… Continue reading Tier Mobility-owned Spin lays off about 10% of workforce, exits two markets
Wisk Aero reveals its market-ready, self-flying air taxi
Electric vertical takeoff and landing (eVTOL) vehicle company Wisk Aero has unveiled its go-to-market aircraft: a four-passenger autonomous air taxi that the startup will put forward for U.S. Federal Aviation Administration type certification. Type certification, one of the three certifications an aviation company needs to secure before launching a commercial service, means the aircraft has… Continue reading Wisk Aero reveals its market-ready, self-flying air taxi
Rivian taps Capital One exec Diane Lye as its first CIO
Rivian has hired Diane Lye as its first chief information officer, a position that the EV maker says is necessary to expand globally. Lye’s hiring comes as Rivian consolidates its internal and external technology teams across its numerous departments, including manufacturing IT and customer-facing digital products. It is also ahead of Rivian’s planned expansion into… Continue reading Rivian taps Capital One exec Diane Lye as its first CIO
Loop raises $60M to send EV charging infrastructure for a Loop
Electric cars are great and all, but internal combustion engines (ICE) have one thing going for them: comprehensive, well-oiled infrastructure that means you can add 300 miles of range to your car, in 5 minutes, at any of 65,000 or so gas stations. Compare that with the one-hour stop at only about 6,000 high-speed charging… Continue reading Loop raises $60M to send EV charging infrastructure for a Loop
Geely’s Europe expansion continues, Argo robotaxis on the Lyft app and Tesla AI Day takeaways
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading Geely’s Europe expansion continues, Argo robotaxis on the Lyft app and Tesla AI Day takeaways
Tesla delivered a record 343,830 vehicles in Q3, but still missed Wall Street’s forecasts
Tesla reported Sunday it delivered 343,830 vehicles in the third quarter, a new record and a turnaround from earlier this year when a shutdown at its China factory and challenges around opening factories in Berlin and Austin affected how many vehicles it was able to get into customers’ driveways. Despite the rebound and record number,… Continue reading Tesla delivered a record 343,830 vehicles in Q3, but still missed Wall Street’s forecasts
Tesla’s robot strategy is inextricably tied to its Autopilot strategy, for better or for worse
Tesla unveiled its first prototype of its Optimus humanoid robot on Friday — an actual robot this time, by the strictest definition, instead of a flesh and blood human clad in a weird suit. The robot performed some basic functions, including walking a little bit and then raising its hands — all for the first time without… Continue reading Tesla’s robot strategy is inextricably tied to its Autopilot strategy, for better or for worse
Tesla’s robot is a real robot now, not just a guy in a suit
Tesla CEO Elon Musk kicked off its Tesla AI Day 2022 with a quick level set on expectations — “we’ve come a long way” — and then stepped aside to allow the first iteration of its robot walk out onto the stage. The robot wasn’t a human dressed in a robot costume like last year. … Continue reading Tesla’s robot is a real robot now, not just a guy in a suit